Solvay records low sales, high earnings in Q3
Published: Tuesday, 08 November 2016
Weak demand across several end markets affected turnover for all of Solvay’s main segments, while price improvements and lower costs boosted earnings for the chemicals group.
Brussels-headquartered chemicals and advanced materials
supplier Solvay SA posted lower revenues across all business
segments in the third quarter of 2016, while earnings improved
and are expected to grow further in Q4.
CEO Jean-Pierre Clamadieu stated that demand was "softer" in
a number of Solvay’s markets compared with last